Bangkok Expressway and Metro Public Company Limited (SET: BEM) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
|Net Profit (Loss)
|Earning Per Share (Baht)||0.0600||0.0300|
BEM reported a net profit of Baht 634 million in 2Q22, increased 216% from a net profit of Baht 200 million in 2Q21.
Revenue from main business amounted to Baht 3,262 million representing an increase from the same quarter of the previous year by Baht 859 million or 35.7 percent. Toll revenue increased by Baht 539 million. Revenue from Rail business increased by Baht 312 million and revenue from Commercial Development business increased by Baht 8 million.
The revenue from Expressway business was at Baht 1,942 million representing an increase from the same quarter of the previous year by Baht 539 million or 38.4 percent, mainly from the increase in traffic volume in all expressway sectors and the rise of toll fee on 15 December 2021as stated in the concession agreement of the Si Rat – Outer Ring Road Expressway Project. The average traffic volume for this quarter was at 1,027,594 trips per day representing an increase from the same quarter of the previous year by 33.4 percent.
Revenue from Rail business amounted to Baht 1,113 million, representing an increase from the same quarter of the previous year by Baht 312 million or 39.0 percent. Farebox revenue from the MRT Blue Line increased due to the cancellation of work from home and school online classes which led to an increase in Metro passenger. The average everyday ridership in this quarter was at 230,730 trips per day representing an increase by 93.8 percent, and the average ridership per working day was at 276,037 trips per day representing an increase by 88.6 percent when compared with the same period of the previous year. Revenue from O&M services of the Purple Line increased as stated in the agreement.